Emory receives record $572.4 million in external research funding for 2015
Researchers at Emory University received $572.4 million from external funding agencies in fiscal year 2015, a 9.69 percent increase over last fiscal year. This marks the largest amount of research funding in Emory’s history and is the sixth consecutive year that research funding has exceeded $500 million.
Federal agencies awarded nearly $375 million, or nearly 66 percent of the total, led by the National Institutes of Health (NIH) with nearly $300 million in awards. NIH funding represented 80 percent of total federal dollars awarded to Emory.
"Even though the NIH budget has remained flat, our researchers have held their own in NIH funding while managing to attract new support from other government and non-government sources," says David Stephens, MD, vice president for research in Emory’s Woodruff Health Sciences Center, chair of the Department of Medicine in Emory University School of Medicine, and IMP and MMG faculty member. "These numbers are truly heartening and impressive."
The value of biomedical research extends well beyond new cures and disease treatment and prevention, says Stephens. In Georgia, nearly 19 high-paying jobs are generated per $1 million in research funding. And university research discoveries often are translated into commercial applications that positively impact the economy while offering medical advances to patients more quickly.
Click here to view the full story in the Emory News Center. The story is also featured in the Atlanta Business Chronicle.